Word: silicon
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...tithe, but still the highest level in 28 years. Why? For many years, the multimillionaires of the booming technology industries didn't feel very secure in their newfound wealth and weren't at a point in their lives where they thought much about their legacies. Now that's changing. Silicon Valley CEOs, along with other newly rich Americans, are finally stepping up to the collection plate. And just as they've transformed American business, members of this new generation are changing the way philanthropy is done. Most are very hands on. They do lots of research before giving. They demand...
...back tales of wondrous sights and tremendous opportunities. The future politicians and policy analysts go down to Washington, D.C., to learn their way around Capitol Hill and the White House. Those interested in mergers and acquisitions find themselves plum positions with prominent Wall Street firms. The techies migrate towards Silicon Valley, visions of being the next Bill Gates, Class of 1977, dancing in their heads...
...other deregulated parts of the nation, where retail electricity rates are frozen for a few more years, price isn't the problem yet. Instead, providers are having a tough time just supplying enough juice, as air-conditioners and other appliances consume electricity at an alarming pace. Silicon Valley, home to the energy-hungry new economy, has already experienced rolling blackouts. The situation across California has got so precarious that state officials are offering cash payments to big corporate users that conserve energy during a crunch; database power Oracle has spent millions to build its own generators. New England...
Visualize this: Timothy Draper, the gonzo venture capitalist from Silicon Valley, swoops into a South Central Los Angeles church to preach the gospel of school vouchers to a group of black ministers. He is introduced--by his own advance man--as "an instrument of God's hand, like Rosa Parks." Never mind that this is a 42-year-old multimillionaire preppie known to ski in boxer shorts and throw Frisbees at conferences, who even dressed as Batman to inaugurate a Manhattan office. Today, Draper tells the assembled pastors, he is ready to spend at least $20 million of his fortune...
...were despicable," says J. Michael Washe, founder of the website Breakupmicrosoft.org But many neutral parties were worried that the tech industry was stooping to new lows in skulduggery. "It's not the kind of use of resources anyone can be proud of," says Ruben Barrales, president of Joint Venture: Silicon Valley Network, a nonprofit economic-development organization...